5 Ultra Valuable Coins: Collectors Benefit from Mint-Made Errors

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If you make an error at your job, you may get a gentle reminder or a stern reprimand. But, rarely does the error make your final product more valuable.

Not so, if you are in the coin minting business.

In fact mint error coins and misstrikes typically hold a higher value than a coin in its intended condition. Some of the rarest error coins are worth $75,000 or even more.

Collectors value error coins according to their scarcity, and price is determined by supply and demand. The fewer mis-strike or mistake coins that were minted, the more valuable those coins are today. Are you wondering what these valuable rare coins are? Before we dive in, let’s define some terms first.

Types of Coin Errors & Mistakes

A double strike coin is one that shows a second image. That occurred when a coin was struck a second time off center. These minting errors occur when a struck coin goes back into the press and is struck a second or even third time. The more times a coin was struck the higher the potential value.

A planchet is a blank disc of metal, which could be steel, silver, gold or more, which is created for coinage.

An off center coin is one that was incorrectly centered and part of the design is missing. These errors occurred when the planchet was not inserted into the press correctly.

A wrong planchet coin was created when a coin was struck on a planchet meant for another denomination or the wrong type of metal.

A defective die coin reveals raised metal from a crack in the die.

5 U.S. Mint-Made Coin Errors that Are Now Ultra Valuable

1. The 1943 Lincoln cent struck over a struck 1943 Mercury dime.

2. The 1909 Indian Head cent struck on a stuck 1906 Barber dime.

3. 1976- D Washington quarter. This double strike is notable due to “off-center” strikes on both sides of the coin.

4. 1923 Peace dollar. This double strike formed when the coin was struck about 45% off center, but then re-positioned and struck a second time.

5. 1977 Jefferson nickel struck on a 1976 Lincoln cent. This is a “double denomination” error (nickel and penny) and both dates are visible on the coin.

These error coins are valued from a few thousand dollars to $75,000 or more.

Plugging up the Error Coin Supply

Errors of many kinds are evident on U.S. coins since minting began. However, a new production process started in 2002 which nearly eliminated these coins from going into circulation. A new delivery system was put in place for coins. Coins directly go through automated counters which filter out imperfect coins. Very few mint-made error coins have hit the market since 2002. The static supply of error coins increases the value of these early error coins even more.

If you are in search of a specific coin, let us know. Blanchard and Company has tremendous reach and respect within the rare coin industry.  If there is a particular coin or set that you are trying to build, our numismatists can help source your coins from collections around the world.

Do you have any error coins? Or, is there a coin that you’d love to have in your collection? Tell us about it!

10 thoughts on “5 Ultra Valuable Coins: Collectors Benefit from Mint-Made Errors

  1. I have a 1940 Nickel that appears to have errors on front in lettering.
    Is it worth checking out? Also a blacked 1996. I hear others had it happen also to same coin.

    1. Do you have a trusted coin dealer in your area? If so, they would likely be able to answer your questions and tell you more of the coin’s story. Good luck!

  2. I have a double headed nickel, but it seems to be made from aluminum, and it has no dates or wording on it at all, only the head, and its on both sides. And it seems very light and thin compared to a regular nickel. Was just wondering if anyone can help me with this ? Because i cant find it nowhere when doing a search.

    1. Hi Rod! Do you happen to have a trusted coin dealer in your area? They may be able to help you determine just what your mystery coin is. If you find out, please let us know! Also, occasionally someone will have a medallion/round privately made for a special event and this may be an additional area for you to search.

  3. I have a head penny stamped in looks like a nickel and it is silver colored

  4. I have an offcenter 1886 morgan dollar. Can you give me a range for the value of such a coin? Thanks

  5. I have a jefferson nickel, also stamped on the obverse. Is a Washington quarter, on the reverse is a lincoln penny

  6. I didn’t know that a planchet is a blank coin. My dad collects gold coins. I think I will try to find him a planchet because he was mentioning that he doesn’t have one.

  7. I have a red 1979 penny with what looks like you can definitely see the second number above th 9 of the 1979.its totally seen looks like it makes the 19 look like an 18

    1. Hey Shannon:

      That sounds really cool!

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